Breadcrumb

Retail Discount (New for 2019)

The Government announced in the Budget on 29 October 2018 that it will provide a business rates Retail Discount scheme for occupied retail properties with a rateable value of less that £51,000 in each of the years 2019/20 and 2020/21.

Retail discount, one third of the bill after allowances for any mandatory reliefs and other discretionary reliefs, will be applied to the demand notices issued for 2019/20 and 2020/21.

For the purposes of this discount, retail properties are those that are wholly or mainly being used as shops (providing goods or services to the public), restaurants, cafes and drinking establishments.

Properties that will benefit from the relief will be occupied hereditaments with a rateable value of less than £51,000, that are wholly or mainly being used as shops, restaurants, cafes and drinking establishments.

We consider properties that are being used for the sale of goods (including food & drink) or the provision of services to visiting members of the public to include:

ii) Properties which are not reasonably accessible to visiting members of the public

The award of this relief must comply with EU law on State Aid (state funded support to business). An application form requires you to confirm that you have not received any other State Aid that exceeds in total €200,000, including any other relief you anticipate being granted for premises other than the one to which the declaration relates, under the De Minimis Regulations EC 1407/2013.